Rebound Plastic Exchange Created to Reduce the World’s Plastic Pollution
Abu Dhabi’s International Holding Company (IHC) has established Rebound Ltd to create an innovative solution to reduce the world’s plastic pollution. The new subsidiary will launch Rebound Plastic Exchange, the global quality-assured trading platform for plastic feedstock that enables buyers and sellers to efficiently trade recycled plastic with trust and confidence.
Scheduled to open for trading in mid-2022, Rebound Plastic Exchange will introduce globally recognized standards, certification, insurance and quality assurance into the supply chain. The platform aims to increase the efficiency of recycling plastic at scale, provide new economic opportunities and reduce the impact of plastic pollution on our planet, unlocking a global business opportunity worth AED 56 billion.